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Filing Details

Accession Number:: 0001127602-10-031283
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-12-21 08:07:47
Reporting Period:: 2010-12-17

Filing Date:: 2010-12-21
Accepted Time:: 2010-12-21 08:07:47
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
700733	National Penn Bancshares Inc	NPBC	National Commercial Banks (6021)	232215075

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1246955	Iv F Christian Martin	Philadelphia &Amp; Reading Avenues P. O. Box 547 Boyertown PA 19512-0547		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-12-17	1,297	$7.71	270,557	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	4,438	Indirect	Daughter
Common Stock	53,227	Indirect	Spouse
Common Stock	51,120	Indirect	Subsidiary

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Phantom Stock (Deferred Stock)	$0.00			14,364	14,364	Direct
Common Stock	Phantom Stock (RSU's)	$0.00			12,142	12,142	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	14,364	14,364	Direct
	12,142	12,142	Direct

Footnotes

The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
1 for 1
The phantom stock units were accrued under the National Penn Bancshares, Inc. Directors' Fee Plan and are to be settled in National Penn Bancshares, Inc. common stock upon the reporting person's retirement as a director or reaching the age of 65, as elected by such person.
The phantom stock units granted under the National Penn Bancshares, Inc. Long-Term Incentive Compensation Plan are to be settled in National Penn Bancshares, Inc. common stock upon the reporting person's retirement from the Board.
Includes phantom stock units acquired upon "reinvestment" of dividends accrued on phantom stock units under the Directors' Fee Plan. Because the Company has a dividend reinvestment plan available to substantially all of its shareholders on terms similar to the dividend reinvestment feature of the Directors' Fee Plan, the acquisition of phantom stock units with "reinvested" dividends is exempt from line item reporting under SEC Rule 16a-11.
Includes shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan.
Phantom stock units acquired upon "reinvestment" of dividends accrued on phantom stock units under the Long-Term Incentive Compensation Plan. Because the Company has a dividend reinvestment plan available to substantially all of its shareholders on terms similar to the dividend reinvestment feature of the Long-Term Incentive Compensation Plan, the acquisition of phantom stock units with "reinvested" dividends is exempt from the line item reporting person's retirement from the Board.
Shares purchased through voluntary cash contribution feature of NPBC's Dividend Reinvestment Plan, per the reporting person's 10b5-1 Plan dated April 27, 2010 and approved by NPBC's Board of Directors.